Forex headlines for August 27, 2014: US Q2 GDP (second reading) 4.2% vs 3.9% expected GDP deflator 2.2% vs 2.0% exp US initial jobless claims w/e 23 Aug +298 k vs +300k exp Canadian Q2 current account balance -11.9B vs … Continue reading
A Reuters poll sees 75% of respondents saying the ECB will launch a QE program by March. The poll was taken yesterday and today but that number seems awfully low. To me, ABS purchases are virtually a done deal. What’s … Continue reading
Coeure is from France but he’s on the ECB Executive Board and spoke with Greece’s Skai TV. Greek debt relief discussion to follow review Greek bank TLTRO collateral could be constrained Nothing on the broader outlook or anything about next … Continue reading
Statistics Canada is out with a report of how the July jobs report was initially at +200 jobs then revised two weeks later to +42,000. Statscan’s review of the issue reveals that the survey, which undergoes updates after every census, … Continue reading
US wages haven’t kept pace with inflation since 2007. Since then the total CPI has risen 15% while wages for the median worker have only risen 12%, Wonkblog writes today.
A protest took place in Kiev today demanding relief for Ukranian forces who were cut off in the town of Ilovaysk, near Donetsk in the Russian counteroffensive. They were incited by an angry post on Facebook from the commander of … Continue reading
A touch strong and it underscores real demand in the bond market, even at low yields. Treasuries are cheap compared to the rates in Europe.
Ukrainian security council decision, cited by Interfax. They say conscripts will not serve in Eastern Ukraine’s conflict zone but somehow I doubt that.
The euro found some bids after hitting 1.3160. The 2013 low of 1.3153 and strong bids at 1.3150 along with a rumored barrier aided the rally. The next level of bids is 1.3135 with stops below. More bids ahead of … Continue reading
European stocks were lower on Thursday after three days of strong gains. UK FTSE -0.4% German DAX -1.2% French CAC -0.7% Italy MIB -2.2% Spain IBEX -1.2% The S&P 500 continues to pare its gains but the market is beginning … Continue reading
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